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  1. M

    SMSF Bare Trustee - using the accountant's corporate trustee?

    I realise that to purchase a property using borrowed funds, we need to set up a Bare Trust, with a bare (corporate) trustee holding the legal title to the property. I also understand that we can use the same corporate trustee for subsequent Bare Trusts (with a separate Bare Trust for each...
  2. M

    At what point does an older home become a "knockdown" and not worthy of improving

    We currently live in a large, well built home in Sydney. We have heaps of living areas, too many bedrooms, pool, the joys of culdesac living, close access to the waterway ... But we're missing a backyard. And a "sun all day" location. We have found a much smaller house - still with enough...
  3. M

    Convert PPOR to IP, buy new PPOR?

    Our situation is: Current PPOR: $1,000,000 value $225,000 LOC (totally drawn) Proposed PPOR: $820,000 value $850,000 loan to purchase We are proposing to borrow to buy a new PPOR, change our current PPOR to an IP, rent the IP for $800/week, pay interest only on the existing loan...
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